Japan Trade Balance

Japan

Japan: Exports moderate ahead of the Chinese Lunar New Year holiday

February 23, 2011

In January, exports increased 1.4% over the same month the year before. The figure marked the slowest pace of expansion since December 2009 and fell short of market analyst expectations, which had exports increasing 7.4%. Nevertheless, the figures does not indicate that external demand is losing steam, as trade figures for January and February are usually distorted by the Chinese Lunar New Year holiday. This year, the holiday was celebrated on 3 February, and regional demand normally weakens in the previous weeks. As a result, shipments to China grew only 1.0% year-on-year in January, while exports to Asia, which account for around 60% of total exports, expanded a meagre 0.4%. In contrast, import growth picked up from the previous month, to a 12.4% increase in January (December: +10.6% year-on-year). The figure confirmed the notion of stronger-than-expected domestic demand, following on the withdrawal of stimulus measures in the third quarter. As a result of the sharp moderation in exports, the trade balance incurred a deficit of JPY 471 billion (USD 5.7 billion) in January, falling back to negative territory for the first time in nearly two years. Despite the sustained recovery observed throughout 2010, exports continue to linger below pre-crisis levels, with the 3-month sum at JPY 16.5 trillion in January compared to the JPY 22.2 trillion peak reached in December 2007.


Author:,

Sample Report

Looking for forecasts related to Trade Balance in Japan? Download a sample report now.

Download




Japan Economic News

  • Japan: Core inflation inches up in June

    July 20, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in June, up from May’s flat reading. Core inflation was up a notch to 0.8% in June from 0.7% in May, which was in line with market expectations.

    Read more

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

More news

Search form